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Conyers Dill & Pearman has advised Pegasus Capital Advisors L.P., a US-based private equity fund manager, and certain of its affiliates (Pegasus) on the acquisition of the luxury resort and spa business of Six Senses Resorts & Spas. Under the terms of the deal, which closed on June 18, 2012, Pegasus acquired all of the Six Senses and Evason branded resort and spa management contracts and related intellectual property rights. A new company managed by Pegasus will operate the newly acquired assets, which includes Six Senses branded resort properties in the Maldives, Thailand, Vietnam, China, Jordan and Oman.
Conyers advised on the laws of the British Virgin Islands, Mauritius and Cyprus in relation to the transaction alongside Pegasus’ US counsel, White & Case LLP. The Conyers’ team was made up of Robert Briant, Anton Goldstein, Kristian Wilson and Patrick Ormond in the firm’s British Virgin Islands office, Sonia Xavier, Sameer Tegally and Ashvan Luckraz in the Mauritius office and Iakovos Panagi in the Moscow office.
The transaction underscores Conyers’ strength and depth of experience in advising on complex multi-jurisdictional acquisitions. The firm also recently advised Bank of Montreal on the laws of the British Virgin Islands, Mauritius, Bermuda and the Cayman Islands on its acquisition of Hong Kong wealth management firm Lloyd George Management.
On 10 October 2012 at the 23rd Annual Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong, Pegasus Capital Advisors L.P. was awarded Merger & Acquisition Deal of the Year for the Six Senses transaction.